General Mills beats by $0.06, reports revs in-line; reaffirms FY24 EPS guidance (65.88)
- Reports Q1 (Aug) earnings of $1.14 per share, $0.06 better than the FactSet Consensus of $1.08; revenues rose 4.0% year/year to $4.9 bln vs the $4.88 bln FactSet Consensus.
- Co reaffirms guidance for FY24, sees EPS of +4-6% yr/yr to ~$4.47-4.56 vs. $4.47 FactSet Consensus.
- Co also reaffirms Organic net sales are expected to increase 3 to 4%
- Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings.